An additional Residence Nil Rate Band (RNRB) will be available for deaths on or after 6th April 2017 where a residence or interest in a residence is ‘closely inherited’. This means that it must pass to a lineal descendant or to spouse/civil partner of a lineal descendant or to a survi

The Treasury has abandoned its proposal to introduce a single inheritance tax (IHT) nil-rate band (NRB) to be divided between all of an individual settlor’s trusts. The proposal was published in June this year, as part of a package advertised by HM Revenue and Customs as simplifying t